CP posts record Q1 revenue, updates 2020 outlook
from Progressive Railroading
Canadian Pacific yesterday reported record first-quarter revenue and a record-low operating ratio (OR), but updated its 2020 outlook to reflect the impact of the coronavirus pandemic. CP's first-quarter 2020 revenue climbed 16 percent to CA$2.04 billion from CA$1.77 billion during the same period a year ago. The diluted earnings per share (EPS) fell 4 percent to $2.98 from $3.09; the adjusted EPS rose 58 percent to $4.42 from $2.79 percent.
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